Third Whistleblower to Collect Reward Related to Bank of America Settlement, Source Says

A former Countrywide Financial Corp. manager is the third whistleblower to receive tens of millions of dollars as part of a record $16.65 billion federal penalty against Bank of America Corp.

Shareef Abdou, who first joined Countrywide Home Loans in 2006 and eventually rose to a senior vice president at Bank of America’sLos Angeles office, will receive around $48 million for his cooperation in the investigation, according to a person familiar with the matter. He oversaw residential mortgage-backed securities claims at Countrywide.

Read more: http://www.nasdaq.com/article/third-whistleblower-to-collect-reward-related-to-bank-of-america-settlement-source-says-20141219-00578#ixzz3MVGp2zY5

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